The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ted Jackson - Northland Securities Inc - Analyst
: Thanks. I have a couple left. So congrats on the quarter. First of all, yeah, I mean, I want you to know that I own two Toro
snowblowers, and they've been getting heavy use so far this year. Heavy use.
Question: Ted Jackson - Northland Securities Inc - Analyst
: So first of all, the performance, you had a step-up in incentive comp this year. I mean, that's a good problem to have. When
you look at your guidance for '26, what are your assumptions around incentive comp? And how does that compare to '25?
Question: Ted Jackson - Northland Securities Inc - Analyst
: And what would like if we were to say like a normal rate, like I don't know, some percentage, like, how would you define that
just to give us a baseline?
Question: Ted Jackson - Northland Securities Inc - Analyst
: Okay, and then I'm just shifting over to to tariffs, I mean, you provided some good color with regards to your expectations and
their impact for this coming fiscal year and then, what you've seen in the last few fiscal years. As you look through those
assumptions, maybe get some highlights in terms of what's driving that and where you might see any areas that could -- you
could further mitigate that impact and what that might be? And then just how, given how fluid tariffs have been over the last
year, maybe just that confidence level you feel with regards to that outlook. That's it for me. Thank you.
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DECEMBER 17, 2025 / 4:00PM, TTC.N - Q4 2025 Toro Co Earnings Call
Question: Ted Jackson - Northland Securities Inc - Analyst
: Okay. Thanks for the answer, Rick. Congrats, again, on the quarter.
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